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Paramount Grants Co-CEOs Additional Stock Awards Worth $3 Million, Other Sweeteners
Paramount Global’s board has approved new stock grants worth $3 million for each of its co-CEOs, Chris McCarthy, George Cheeks and Brian Robbins.
Paramount Global ’s board has approved new grants of restricted stock valued at $3 million for each of its co-CEOs, Chris McCarthy, George Cheeks and Brian Robbins. The additions appear to be a push to retain the executives during a complex transition for media including hundreds of layoffs at the company ahead of the sale to David Ellison’s Skydance, and a recent public tiff between Redstone and CBS News. The June filing said Cheeks, Robbins and McCarthy would qualify for a severance payment of twice their base pay in the increasingly likely event that the company changed hands.
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